Dividends

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An interim dividend of 7.5 US cents per share in respect of the year ended 31 March 2004 was paid on 22 December 2003.

The board has proposed a final dividend of 22.5 US cents per share, making a total of 30 US cents per share for the year, representing a dividend cover ratio of 2.6 times adjusted earnings. Shareholders will be asked to ratify this proposal at the annual general meeting, scheduled for 29 July 2004. In the event that ratification takes place, the dividend will be payable on 6 August 2004 to shareholders on either register on 9 July 2004. The ex-dividend trading dates as stipulated by the London Stock Exchange and the JSE Securities Exchange South Africa will be 7 July 2004 for shares traded on the London Stock Exchange and 5 July 2004 for shares traded on the JSE Securities Exchange South Africa, respectively. As the group reports in US dollars, dividends are declared in US dollars. They are payable in sterling to shareholders on the UK section of the register and in South African rand to shareholders on the RSA section of the register. The rates of exchange used for conversion will be those applicable on 14 May 2004, being the last practical date before the declaration date (£/$=1.7599 and R/$=6.7775). This results in an equivalent final dividend of 12.7848 UK pence for UK shareholders and 152.4938 SA cents for RSA shareholders. The equivalent total dividend for the year for UK shareholders is 17.2350 UK pence (2003: 15.5081 UK pence) and for RSA shareholders is 202.6501 SA cents (2003: 207.0250 SA cents).

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